Meridian Business Park : Riverside Moreno Valley Inland Empire Southern California, CA

Introduction

Meridian Business Park is a 1,290-acre master-planned commerce and distribution center in the heart of Southern California’s vibrant and dynamic Inland Empire region.

Meridian is located in Riverside, CA along Interstate 215 providing strategic access to Southern California’s freeway system, regional rail and air hubs, and major ports.

Meridian Business Park features a multitude of property types including warehouse distribution, business park, retail and office space. To date, over 1,000 acres have been developed representing over 11 million square feet of buildings and more than 12,000 jobs created. Companies such as Sysco, Kia Automotive, Nissan, McLane Foods, United Parcel Service, Amazon and Kaiser Permanente have chosen Meridian for their operations. At completion, Meridian will be home to 16 million square feet of building space and create approximately 18,000 jobs boasting some of the top tier companies and businesses in the world.

Advantages

Superior infrastructure including multiple ingress/egress points, generous truck travel lanes, extensive utilities including fiber optic lines and enhanced landscaping.

Rail & Ports: An inter-modal facility is 18 miles away and two major ports (the Port of Los Angeles and the Port of Long Beach) are easily accessed via the freeway system.

Air Service: Served by March Inland Port Airport for private charter flights and cargo transport capacity. Ontario International Airport is nearby.

History

March Air Reserve Base, located in Riverside County, California was established as a military training base in 1918 and formally recognized as an Air Force Base in 1947. The approximately 6,500 acre base was designated for realignment in 1993 by the Base Realignment and Closure (BRAC) Commission. As a result, over 4,400 acres of the base became available for private development. The property was transferred in 1993 to the March Joint Powers Commission which was formed by the local jurisdictions to implement its reuse.

The Lewis Group of Companies and Waypoint Property Group, in a venture named Meridian Park, LLC, acquired the development rights and became the Master Developer in late 2015. The venture will continue the development of Meridian Business Park in four (4) more planned phases bringing positive economic impact to local communities and the overall region.

At completion, Meridian will be home to 16 million square feet of building space and create up to 15,000 jobs boasting some of the top tier companies and businesses in the world.

1993

March Air Force Base was selected for realignment

1993

1996

March Air Force Base was realigned to March Air Reserve Base

1996

1997

Land Use Authority was transferred to March Joint Powers Authority (MJPA)

1997

2000

Starwood Property Corporation was selected as the Master Developer

2000

2003

Grading commenced at Meridian Business Park

2003

2005

McLane Foods became the first tenant at the park (occupying 254K sq. ft. today)

2005

2007

Fresh & Easy (Yucaipa Co.) began construction on its distribution facility

2007

2008

Kia Motors opened its 400,000 sq. ft. western parts distribution center

2008

2010

MJPA Commission approved Meridian’s specific plan amendment
Sysco Foods bought 45 acres

2010

2012

Van Buren Blvd/I-215 Interchange construction began

2012

2013

Planned improvements on Meridian Business Park – Phase 3

2013

2014

Van Buren Blvd/I-215 Interchange completed
Sysco Foods completed its 500,000 sq. ft. facility, adding 400 new jobs
Peng Cheng Aluminum opened its 600,000 sq. ft. distribution facility

2014

2015

Master Development Agreement rights acquired by Lewis Group of Companies and Waypoint Property Group, who became the new Master Developer in partnership with MJPA

2015

2016

Lewis/Waypoint commence grading on Meridian Business Park – Phase 3 (250 Acres)

2016

2017

Completed Phase III infrastructure and built first two buildings of 1 million square feet each. Building A was sold to an investor and leased to Amazon. Building B was a build-to-suit for sale to Utenited Parcel Service

2017

2018

Completed entitlements on Phase IV (West Campus) and grading will begin in late spring.

2018

2019

Completed construction of 1,509,000 square feet in West Campus – Properties sold and leased to Nissan and Burlington Coat

2019

2020

Completed entitlements for Phase 3 in South Campus

2020

Developers

Master developer at Meridian Business Park, is a joint venture between the Lewis Group of Companies and Waypoint Property Group.

One of the nation’s largest privately held real estate development companies. The Lewis Group focuses on developing mixed-use planned communities and residential subdivisions in California and Nevada, as well as building and owning rental communities, shopping centers, and office and industrial parks.

Real estate investment company focused on creating value through the opportunistic repositioning, rehabilitation, and development of real estate. Under the leadership of David Team, Waypoint has over 28 years of proven success in all property types totaling over 36 million square feet of commercial facilities.